Murray Goulburn will pay suppliers $4.95/kg milk solids for the current season and will repay clawback funds to existing and returning suppliers. It will also close its manufacturing facilities at Edith Creek, Rochester and Kiewa.

The ACCC has instituted proceedings in the Federal Court against Murray Goulburn, alleging it engaged in unconscionable conduct and made false or misleading representations in contravention of the Australian Consumer Law.